Canaccord analyst Mike Mueller resumed coverage of Birchcliff Energy with a Buy rating and C$14.75 price target. With a significantly improved balance sheet and visibility to grow to 90,000 boe/d to maximize efficiencies through its Pouce Coupe gas plant, Birchcliff is well positioned to capitalize on a strong outlook for natural gas, Mueller tells investors in a research note.
Published first on TheFly
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